• Home
• Channel: Business
• Hungary Had 'Record High' Investments In 2020

Hungary Had 'Record High' Investments In 2020

• 29 Dec 2020 9:18 AM
• Hungary Matters

Hungary has “never had such a successful year” in terms of investments as it has in 2020, thanks to the government’s economic promotion schemes, the minister of foreign affairs and trade said on Facebook.

Since the beginning of 2020, the government has provided assistance to a total 1,433 investment projects worth a combined 1,676 billion forints (EUR 4.6bn), Péter Szijjártó said, adding that the government grants had totalled 472 billion forints.

The government-assisted projects have created 12,603 new jobs and helped retain 264,595, Szijjártó said.

The minister also said that 80% of the small and medium-sized companies embarking on investment projects were Hungarian businesses.


MTI Photo

Related links

Investments By Bavarian Companies To Save Hundreds Of Jobs In Hungary

Video: Mercedes Invests HUF 50 Billion To Make Fully-EV Cars In Hungary

Video: Iljin Materials To Build HUF 3.8 Billion Copper Foil Plant In Hungary

Video: IBM To Invest HUF 3.5 Billion In IT Centre Development In Cenral Hungary

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Investment FM Szijjártó

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Economic Recovery Underway in Hungary, FM Declares + More Claims

• 4 Dec 2024 6:39 AM

Hungary's economic recovery is underway this year, in spite of extraordinary difficulties and turbulence, laying the foundation for significant growth in 2025, Minister of Foreign Affairs and Trade Peter Szijjarto said giving testimony before parliament's economy committee.



International Corporate Community Continues to Trust Hungary, Declares FM

• 13 Sep 2024 7:26 AM

Continuous investment records prove that the players in the international corporate world continue to trust Hungary, Minister of Foreign Affairs and Trade Peter Szijjártó said on Thursday in Budapest when announcing a HUF 9bn investment by Dutch-owned Aalberts Surface Technologies.



Hungary is Among Winners of New Economic Era in Europe, Declares FM

• 5 Dec 2023 6:57 AM

Hungary is among the winners of the transition to the electric car industry thanks to the government developing the best possible cooperation with market players, the foreign minister, Péter Szijjártó, told an event announcing an investment by US company BorgWarner.



HUF 4 Billion Investment Of DMG MORI in Budapest Announced by FM

• 5 Jun 2023 9:15 AM

The number of high value-added investments is growing in Hungary, and R&D spending exceeded 1,000 billion forints (EUR 2.7bn) last year, the minister of foreign affairs and trade said on Friday, announcing an investment of German-Japanese machine manufacturer DMG MORI in Budapest.